BITCOIN analysis for the next week

COINBASE:BTCEUR   Bitcoin / Euro
It has been 6 bearish weeks for Bitcoin . Now it's stalling at around 9000 where weekly 20EMA has been acting like a strong level of support ever since. 0.786 Fibonacci level was tested. I do believe that Bitcoin will recover next week with some momentum to the upside. A break and close above the counter trend line and EMA crossover will be a good signal for us to go long on Bitcoin .


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Risky bet. Let's wait and see until Febuary.